Accenture, Israel Consulate and Nasscom launches 'scalerator'

It aims to enhance the collaboration between israeli and indian startups so as to solve problems for global marketETtech | June 21, 2018, 14:52 IST

Accenture along with the Consulate General of Israel to South India, and NASSCOM have jointly launched ‘scalerator,’ an exclusive program that aims to enhance the collaboration between Israeli and Indian startups so as to solve problems for global markets.

Dana Kursh, Consul General of Israel to South India, said, “We see the scalerator program as vital to further developing India-Israel collaboration. The industry environment in Bengaluru – the Silicon Valley of India – and in so many other places in India, is the perfect match to the Israeli technology sector. Through this collaboration with Accenture and NASSCOM, we can further connect our two ecosystems and enable Indian and Israeli startups to develop cutting-edge technological solutions that benefit all.”

Accenture Ventures will provide guidance to scalerator participants, leveraging its open innovation expertise and global reach to help startups build and bring to market innovative solutions that help address business challenges of Accenture’s Indian and global clients.

Avnish Sabharwal, managing director, Accenture Ventures India, said, “Building a rich open innovation ecosystem is critical for meeting the strategic business objectives of our Global 2000 clients and we are delighted to debut the scalerator as our latest milestone. We are excited about the prospects that the scalerator can create in India and Israel among startups, enterprises, research and academic institutions and investors.”

The Consulate General of Israel to South India will work with Accenture Ventures to oversee the process of selecting startups for the program. The Consulate will also provide business development support to the selected startups from Israel, and facilitate an understanding of the available local funding channels.

Startups in the scalerator program will be hosted at the NASSCOM Startup Warehouse in Bengaluru.